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116
Dec 14, 2012
12/12
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CSPAN2
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europe, canada, the u.s. and japan to have central clearing, data reporting and the least here in the u.s. and japan for some of the public's transparency. europe is still focused on that. we are going to -- wherever there is a direct conflict we are going to sort through and be practical as we have been in japan and on this indemnification issue presinal and recognizing international regimes. where they haven't adopted the law whether it be in the cayman islands or other places to make sure that our tax payers are protected and transparent. >> but in the meantime we are losing a lot of the market share and all of that opportunity. what assurance do you have that we are going to get these regulations and sync with the europeans and the japanese and others? >> i think as we move forward we have done that where we can and another example is -- and was raised earlier by other members of the amount of money on transactions we propose something along with the bank regulators in the spring of 2011. we haven't final
europe, canada, the u.s. and japan to have central clearing, data reporting and the least here in the u.s. and japan for some of the public's transparency. europe is still focused on that. we are going to -- wherever there is a direct conflict we are going to sort through and be practical as we have been in japan and on this indemnification issue presinal and recognizing international regimes. where they haven't adopted the law whether it be in the cayman islands or other places to make sure...
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319
Dec 14, 2012
12/12
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CNBC
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let me give you a quick sense of what else has been happening in europe overnight. the big moves, we're coming out of asia. 4.3% of the shanghai composite. it just had its best day in three years. this follows some pmi data that supported the idea of domestic spending. of course, it's been this coiled spring market over the last couple of weeks. after we saw the shanghai fall below the 2,000 level, it's in several big days. the news agency tweeted a picture of chinese stockbrokers grinning this morning to give you a sense of the mood. compare that to the nikkei which was down this morning going into the election these weekend likely to put shinzo abe back in power. he's seen as following up his campaign rhetoric with bold reforms to boost the economy and perhaps get things started on a stimulus forget and yet we see the nikkei down today. why? because the tankan business survey came out and disappointed. export orders, a sign of weakness there and in china and in some of the pmi figures that we got across europe. so the theme that is emerging, while germany even sho
let me give you a quick sense of what else has been happening in europe overnight. the big moves, we're coming out of asia. 4.3% of the shanghai composite. it just had its best day in three years. this follows some pmi data that supported the idea of domestic spending. of course, it's been this coiled spring market over the last couple of weeks. after we saw the shanghai fall below the 2,000 level, it's in several big days. the news agency tweeted a picture of chinese stockbrokers grinning this...
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84
Dec 14, 2012
12/12
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CSPAN
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the reason is the average business tax in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per year, france over last 20 years or obama over last four, you do that for decades, the federal cabinet raises $5 trillion in additional tax revenue. the best way to get revenue for the government at such strong, robust and jobs-creating economic growth. unfortunately, president obama and the democrats have taken the opposite direction over the last four years. that's why we are in this mess. host: now to al, an independent in georgia. if i would push the right button. sorry about that. al, good morning. caller: good morning. the last time you were on c
the reason is the average business tax in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per...
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154
Dec 14, 2012
12/12
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CSPAN
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europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie-like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it gives you some snapshots about where the delinquencies are. something like a quarter have an underwater nature to the mortgage. there are still some challenges outstanding in the markets. where is the credit going to come back into the system outside of the fanny-freddie model? there are lots of calls. you hear from jeb hensarling. fannie and freddie and the fha have to be drawn back in some way. how do you do that? this provides at least some of the basic high points of where is it that the private capital is going to come from. if you have a
europe does not use a government-backing program. there are some there is backing stithy banking sector -- there are some -- much is retained on their own balance sheet and their pledge to the european central bank. that's not fannie and freddie-like but still has a government backdrop. japan, australia, rbs is part of their markets. that gets you back to where the u.s. is now. you have an outstanding mortgage stock in the united states. some of this data is a little bit dated from 2012. but it...
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938
Dec 14, 2012
12/12
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KGO
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., europe and allies recognized the opposition, which could speed up international aid. but some factions of the rebels are known to have ties to al qaeda. that is the lingering question, you knock out the leader, but what is left, building a new country sometimes is the more difficult part compared to getting rid of the dictator. look at egypt and the mess they're going through. >> but the state department is encouraging russia to withdraw their support and join with the u.s. in implementing a political transition. that has not happened yet. but this was very significant they came out and said this. >> we've seen how brutal assad has been. two years in the civil war. still a volatile situation. >>> look how they settle their differences in ukraine's capital. a full-blown brawl brokeute in parliament in kiev. grown men pushing, shoving and punching over the election over a new speaker. is that a mosh pit going on, too? the head of the opposition happens to be the world heavyweight boxing champ. fortunately, he decided to sit this one out. wow. they were rolling their sle
., europe and allies recognized the opposition, which could speed up international aid. but some factions of the rebels are known to have ties to al qaeda. that is the lingering question, you knock out the leader, but what is left, building a new country sometimes is the more difficult part compared to getting rid of the dictator. look at egypt and the mess they're going through. >> but the state department is encouraging russia to withdraw their support and join with the u.s. in...
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253
Dec 14, 2012
12/12
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MSNBCW
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., europe, china, india get together and say, come on, we're all facing these disasters and if we do that, you know, we have a chance because the other major theme of this report they think is absolutely right is, the irony is that we're sitting on the most incredible explosion of great technology that we have already seen in decades, if not a century plus. all the information technology, all the health technology, the genomics. but to solve our real problems requires kind of thinking ahead, which has not been our strong suit in recent years. >> we haven't strategized as to how to work together. >> exactly. >> we talk a lot here about income disparity in this country, what about the disparity in incomes in terms of the income level t united states compared to other countries, how are we doing on that level in terms of our income? >> well, you know, the u.s. has had growth over the years from two centuries now, 200 years of growing at about 2 percentage points per year, over two centuries that adds up to make us a very rich country. other countries now that lag behind are soaring ahea
., europe, china, india get together and say, come on, we're all facing these disasters and if we do that, you know, we have a chance because the other major theme of this report they think is absolutely right is, the irony is that we're sitting on the most incredible explosion of great technology that we have already seen in decades, if not a century plus. all the information technology, all the health technology, the genomics. but to solve our real problems requires kind of thinking ahead,...